There are two signatures. The profit function of firm j is: Zj = Zj + AEJ - B/2 * E2J Where all parameters are positive and EJ denotes the emissions of firm j. (i) If there is no regulation, what level of emissions will each firm choose?
Q: QUESTION10 The Artides of Confederation provided a good balance of power between states and the…
A: The written document that established the functions of the national government of the United States…
Q: Corn flour is a staple food in South America. With rising inflation, several governments are…
A: Price ceiling is the maximum price for a commodity below which it is not allowed to fall.
Q: hi dear i have some research questions for international business. England Type of economic system…
A: Type of economic system in England The UK economy is both a social market and a market-oriented…
Q: Question 27 . If Maxine and Daisy both specialized in the product in which they have a comparative…
A: Given : Maxine & Daisy are bakers who bake tarts and pies. They have similar level of resources…
Q: With appropriate illustrations fully distinguish between the following: i.PRODUCTION FUNCTION and…
A: As per the guidelines, we are allowed to answer the first three subparts only. Kindly post the…
Q: Consider the market for lattes. What would happen to the equilibrium price and quantity of lattes if…
A: Demand curve is a downward sloping curve that represents inverse relationship between price and…
Q: There are many real-world examples of the prisoner's dilemma. Climate change is one such example. In…
A: The prisoner's dilemma is a situation in which two players must choose between two choices, each of…
Q: ou love peanut butter. Other spreads are just not as good, as far as you're concerned. You hear on…
A: The answer is given below
Q: The price of trade ppose that Italy and Switzerland both produce jeans and stained glass. Italy's…
A: Opportunity cost refers to the loss incurred for giving up the next best alternative while making a…
Q: 3. Suppose the annual interest rate is R = 0.10 (10%). If the expected inflation rate is n =0.02…
A: Real interest rate is the rate of interest adjusted for inflation.
Q: 6. If deficit spending "crowds out" some private investment, could fututre generations be worse off?…
A: answer is as follow
Q: Explain in detail the characteristics of pure monopoly market model? Asap
A: A pure monopoly arises when a single corporation controls a market for a certain product.Although…
Q: Question 17 Refer to Daisy's PPF Given Daisy's PPF, the following production combo, 6 pies and 10…
A: Answer: Efficient points: efficient points are those points that lie on the PPF. These points show…
Q: What likely occurred during 2018 if nominal GDP did not change and real GDP decreased, relative to…
A: Real GDP is the market value of final goods and services produced in the economy within a given…
Q: Question 37 Please refer to the description of a tax on a market, represented by the graphic The…
A: Introduction In the above diagram, market is in equilibrium at price $6 and 2 quantities. Correct…
Q: please solve question 4- Prove that total revenue is maximized for a linear demand function, P = a -…
A:
Q: Suppose the price of cotton (a production input for t-shirts) falls, which causes the quantity of…
A: Given Price ($) Quantity demanded per year Quantity supplied per year (When the price of cotton…
Q: Comprehensively state the criteria and process of selecting appropriate models for time series…
A: Time series forecasting is used when making scientific forecasts based on historical time stamped…
Q: 1. How does the government spend? 2. How does the government tax? 3. What are budg t deficits?
A: Government basically refers to a structure that governs a group of people, and it generally consists…
Q: Determine the optimal strategy for the situation by representing it as a game and finding the saddle…
A: Given that; There are two players, MacArches and Burger Haven R indicates raising prices and L for…
Q: The expectations theory is successful in explaining: I. Why the term structure of interest rates…
A: In economics, expectations theory is one of the economic analysis of people's action based on given…
Q: Question 30 Panel (a) shows which of the following? Group of answer choices an increase in…
A: Given : There are 4 panels showing the demand and supply curves.
Q: Refer to Daisy's PPF Given Daisy's PPF, the following production combo, 12 pies and 12 tarts is…
A: Production possibilities frontier shows combinations of two goods that can be produced with the…
Q: Phyllis wants to buy two tickets to a concert. Tickets cost $15 each, and she expects to wait 30…
A: Answer; Correct option is (c) $38
Q: Assume that the dollar price level is 15,0 level is 10,000GBP/Consumption bundle, and the exchange…
A: Purchasing power is the value of a currency expressed in terms of the number of goods or services…
Q: One of these four answers is true of open market operations. Which one? Open market operations…
A: Open market operations:- The monetary authority of any nation sells and buys treasuries…
Q: Assume that the government proposes a negative income tax that calculates taxes owed using the…
A: Here, it is given that government imposes negative tax income with 25% tax rate on the income level…
Q: Veque nun 1. LR Equilibrium of the Competitive Firm and Industry A perfectly competitive widget firm…
A: Answer: Note: as asked part b has been answered. Introduction: The long-run price is equal to the…
Q: * $31.25 MC АТС $25 P=MR $20 $18.75 $12.5 $6.25 $0.0 Quantity 20 40 60 80 100 120 140 160 180 200…
A: For a perfectly competitive firm, prices are given.
Q: stion 23 Please refer to Maxine's & Daisy's PPFs What is Maxine's opportunity cost of pies (in…
A: Given production possibilities Frontier of Maxine with maximum of 6 tarts and 12 pies produced in…
Q: Thelma's current income is $100,000 and she currently pays $30,000 in income tax. Any income she…
A: Average tax rate = (Total tax paid / Total income) Marginal tax rate = (Change in tax paid / Change…
Q: A stamping machine currently has a salvage value of $10 000, and this will drop by 20% per year from…
A: Given information Current value of Stamping machine=$10000 Book value will drop by 20% Current year…
Q: How do gains in income inequality influence economic growth and expenditure rates?
A: When income inequality rises, economic growth falls.
Q: What is the poverty trap? Group of answer choices A)The situation where government assistance can…
A: The correct option is D. The poverty trap occurs when a person is poor, and structural…
Q: The table shows the aggregate demand and short-run aggregate supply schedules of Chamber Island in…
A: The potential GDP is at $510 billion. This implies that equilibrium price is $110. When exports…
Q: Indigenous people are ranked among the lowest income groups in Canada. O True O False
A: Indigenous economies relate to indigenous peoples' traditional and local economic systems.These…
Q: Which of the following is not an assumption of a competitive labor market? numerous buyers and…
A: The answer is - interchangeable workers
Q: Figure 2-1 price 20 18 16 14 12 10 6. 10 20 30 40 s0 60 70 80 quaxtity Referring to Figure 2-1, what…
A: Equilibrium is determined where demand = supply.
Q: When the government uses its overdraft facilities at the central bank, it the economy. This is…
A: The answer is as follows:-
Q: Suppose the economy is in a long-run equilibrium. There is a simultaneous increase in the money…
A: AD-AS model determines the equilibrium level of real GDP with the price level in the economy.
Q: В.1. a) A profit-maximising firm faces a downward-sloping demand curve for its output and has…
A: To make the most money, a corporation must function in a condition where marginal income and…
Q: If a union wishes to maximize the number of union members employed, it will set a wage above…
A: When it comes to compensation, the phrase "competitive" refers to a salary that is comparable to or…
Q: Suppose a union successfully negotiates a wage rate for its members that is above the competitive…
A: Suppose a union successfully negotiates a wage rate for its members that is above the competitive…
Q: Why governments / decision makers try to achieve the stable economic growth and lower inflation?…
A: Inflation refers to a rise in the average level of price of goods and services in an economy.…
Q: price of $4.61 per pound, the supply for cherries is 16,107 pounds, and the demand is 10,362 pounds.…
A: Given At price P1=$4.61: Q1d=10,362 and Q1s=16,107 At price P2=$4.18: Q2d=12,724 and Q2s=10,789 The…
Q: 6. Given u = 3x, +x,x, + 2x, s.t. P1X + P2x2 = B Find the amount of the commodities at which utility…
A: Given; Utility function; u=3x1+x1x2+2x2 Budget constraint; p1x1+p2x2=B Utility will be maximized…
Q: are the manager of a monopoly that sells a product to two groups of consumers in different parts of…
A: A market structure described by a solo seller, selling a different product in the market. In a…
Q: The real GDP of Turkey in 2018 is 789.043 million $ and the population is 82 million. In 2019 the…
A: The standard of living is generally referred to as the quality of life of the people. The mainly…
Q: Required: a. Based on the above statement, discuss FOUR (4) factors that caused the fluctuation in…
A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…
Q: Boom (50%) Recession (50%) -$ 10 Project A $ 20 $ 20 -$ 30 -$ 10 $ 30 $ 50 D. $ 50 hanager adopted…
A: Mean=Total observationNo. of observations The following formula is used to calculate the Variance…
There are two signatures. The profit function of firm j is:
Zj = Zj + AEJ - B/2 * E2J
Where all parameters are positive and EJ denotes the emissions of firm j.
(i) If there is no regulation, what level of emissions will each firm choose?
Step by step
Solved in 3 steps
- A polluting firm’s marginal abatement cost is MACi = 50 – 0.25ei . If a regulator imposes a per-unit emissions tax of t = 10, what level of emissions does the firm choose under the tax? A polluting firm’s marginal abatement cost is MACi = 50 – 0.25ei . If a regulator imposes a per-unit emissions tax of t = 10, how many units did the firm abate relative to the unregulated environment?The figure below shows a single firm's marginal abatement cost when facing a per-unit emissions tax of t. Use the figure to answer the following questions: a. What area(s) represent the total abatement cost (TAC) of the firm under the tax b. What area(s) represent the total amount in taxes paid by the firm $ t a b ان 6 e1 e2 emissionsA utility company is closely monitoring a new set of federal guidelines recently passed by the EPA (Environmental Protection Agency) regarding allowable green house (CO2) emission levels. In this example, the primary external factor of concern for the utility company in question. environment is the A Technological Regulatory (also political and legal) C Competitive D Economic
- Assume the firm has historical emissions of 10 units of carbon and the government regulator gives the firm 7 permits to pollute. Each permit allows 1 unit of pollution.There are two towns, A and B, each with a plant emitting pollution. The emission from plant Ais uniformly distributed across both town A and B. The emissions from plant B are local to town B. Despite the difference in affected area, the marginal benefit to either town of abating one unit of pollution from either source is the same, MB(Qi) = 17 − Qi per person, where Qi is total emissions abated from town i’s air. The marginal cost of abatement at plants A and B are MCA(qA) = 200qA and MCB(qB) = 100qB, respectively. If town A has 300 citizens and town B has 200, what is the efficient tax to set at each plant?Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 18 - 2E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 9 - E. With an emissions tax of $4, the benefits of adopting the new technologies are $____. THE ANSWER IS NOT 5.
- A polluting firm has Marginal Abatement Costs as graphed below and is faced with an emissions tax = T*. Assuming the firm will behave in a way to minimize it's costs, what are the total costs the firm would incur given this tax policy? $ MAC T* A B E* Emissions C D EoA firm’s own MAC function = -29Q + 298. Suppose the emission tax is $95/ton/month. a. Draw the firms’ MAC curve and find the efficient level of emissions for the firm. b. Then what would be the total tax bill and total abatement cost at the efficient level of emissions? As a result, what would be the total cost for the firm? c.Explain why the firm would not reduce its emissions to 1 ton/month. Please explain each carefully.Explain the difference between regulating emissions via fees vs. standards. Which of the two would be more efficient if there are large differences between the firms’ marginal costs of abatement.
- Consider an industry with two firms that emit a uniformly mixed air pollutant (e.g., carbon dioxide). The marginal abatement cost functions for Firm 1 and Firm 2 are: MAC1 = 100-e1 MAC2 = 100-4e2 Aggregate emissions for the industry are denoted as E = e1 + e2. [1] In an unregulated environment how many units of emissions does each firm emit? Firm 1’s unregulated level of emissions: Firm 2’s unregulated level of emissions: Total unregulated level of emissions: Suppose a regulator has a goal of reducing the total level of emissions from the amount from the amount you answered in [1] to 25 units. The regulator would like to achieve the goal of 25 units of total emissions in a cost-effective way. To do so it issues 25 permits, 10 are given to Firm 1 and 15 are given to Firm 2. A firm can only emit a unit of pollution if they have a permit for that unit, otherwise they must abate. After the permits are allocated, firms are allowed to buy or sell…Consider an industry with two firms that emit a uniformly mixed air pollutant (e.g., carbon dioxide). The marginal abatement cost functions for Firm 1 and Firm 2 are: MAC1 = 100 - e1 MAC2 = 100 - 4e2 Aggregate emissions for the industry are denoted as E = e1 + e2. [1] In an unregulated environment how many units of emissions does each firm emit? Firm 1’s unregulated level of emissions ____________ Firm 2’s unregulated level of emissions ____________ Total unregulated level of emissions ______________suppose the regulator imposes a Pigouvian tax on each unit of emissions. Calculate each firm's emissions level and the total tax collected.